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Post by bot on Nov 27, 2011 14:10:53 GMT -5
Italy sells 6-month bills as yield soars: reportsfrom MarketWatch.com - MarketPulse FRANKFURT (MarketWatch) -- Italy sold 8 billion euros ($10.7 billion) of six-month bills, but saw the yield soar to a euro-era high, news reports said Friday. The auction produced a yield of 6.504%, up from around 3.52% in October, according to Bloomberg. Demand weakened, with the total bids exceeding supply 1.47 times, down from a bid-to-cover ratio of 1.57 in October, the report said. The government also sold 2 billion euros of two-year debt at a yield of 7.81%, reports said.
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